The Telegraph - One in 5 adults in Britain are not working

ukcarper

Bootski wrote: »

ukcarper- you really need to sign on or do something to keep your state pension open to you. If you miss any Nat Ins payments by not signing on or paying IS payments voluntarily you'lll lose out on all the years you paid in to the system. Please seek advice

Thanks but I will only need 30 years NI payments to qualify for full state pension, which I have.

ukcarper

baileysbattlebus wrote: »

I'm in the same position - took early retirement too. OH will be doing the same late this year. Quite a number of people I know have done the same.

But the state pensions are ok - I think you only have to have 30 years NI contributions now for a full pension.

Who knows, the state pension could be means tested by the time we reach state retirement age in 10 years time.......10 days is a long time in politics let alone 10 years - so we have not assumed we will have a state pension, if we get one it will be a bonus, if not, c'est la vie.

I've not got so long to go but who know if you will still get a state pension at 65 in 5 years time let alone 10.

Bootski

ukcarper wrote: »

Thanks but I will only need 30 years NI payments to qualify for full state pension, which I have.

I wouldn't be so sure, for your benefit I'd double check:)

I'd hate to think you were caught out & ended up with nothing, you'd be very bitter if that were the case:cool:

ukcarper

Bootski wrote: »

I wouldn't be so sure, for your benefit I'd double check:)

I'd hate to think you were caught out & ended up with nothing, you'd be very bitter if that were the case:cool:

I've checked you did need 39 years but it is being reduced to 30 this year. I was short of the 39 years and nearly bought the extra years I needed but I'm glad I didn’t because like I said you know only need 30 and they wouldn’t have refunded the cost of the extra years. I think quite a few people did pay and aren’t happy now.
.

Bootski

ukcarper wrote: »

I've checked you did need 39 years but it is being reduced to 30 this year. I was short of the 39 years and nearly bought the extra years I needed but I'm glad I didn’t because like I said you know only need 30 and they wouldn’t have refunded the cost of the extra years. I think quite a few people did pay and aren’t happy now.
.

Good! Glad you have researched it and know your position.:rotfl:

Just looking out for the minority that may not have a clue;)

baby_boomer

Is this a surprise as the population ages?

Is it such a terrible thing that parents & grandparents take responsibility for their children & people take resonsibility for their ageing parents?

I aim to be a further addition to these statistics in the next five years if all goes well .

Bootski

I take it I count for 20% cause I'm not working. I figure that means you can't get your wide screen TVS or 4 x 4's

Well, I'm ever so sorry

Radiantsoul

On some level the idea of a society that can afford to have so many people not in work and yet sustain a high standard of living seems to be a good thing.

Bootski

Radiantsoul wrote: »

On some level the idea of a society that can afford to have so many people not in work and yet sustain a high standard of living seems to be a good thing.

How do you work that one out?:D

I agree you cant have wealth and prosperity for all, all the time but can you expand on your point?:cool:

molerat

I am happy to be one of the 20%. Got my 30 years in the bank and looking forward to my £120 a week payrise in 9 and a bit years time. :beer: